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Innappropriate Investments

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  • darkpool
    darkpool Posts: 1,671 Forumite
    sabretoothtigger wrote: »
    Apparently there is something in the Geneva convention about this. You cant charge national taxes on international flights :huh:

    They have raised departure fees quite alot though

    yeah maybe, i think it's to do with economics as well. any country putting a tax on air fuel will find airlines will just fill up in other countries - depriving the country of part of the economy :(
  • jem16
    jem16 Posts: 19,749 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    darkpool wrote: »
    second last point from the article. tbh i agree with it.

    You were asked to read the 2nd last comment not the 2nd last line of the article. Try reading Ark Welder's post again.

    Just in case you can't, there are 10 pages of comments from readers. Go to Page 10 and scroll down to the 2nd last comment.
    PS, nice of you not to mention "perp high income" or even "performance is after fees". appreciated.

    I'm not interested in the passive vs active argument that you seem to always come back to. It's getting rather boring.
  • darkpool
    darkpool Posts: 1,671 Forumite
    even the financial standards authority is at it now - a lot of UTs have annual turnover of 100%. if anyone disagrees with the figures take it up with the FSA, i'm just a copy/ paste merchant here.

    "A Financial Services Authority (FSA) report* authored by Kevin James undertook to quantify the costs of trading to determine the performance drag. He concluded that the cost of a “round trip” trade in the UK was 1.8%. A “round trip” is the selling of one company’s shares and replacing them with another for the same value. For example selling £10,000 worth of Barclays’ shares and replacing them by buying £10,000 worth of HSBC shares.
    Let’s look at a breakdown of the costs:
    - Commission 0.3%
    - Bid/Offer Spread 0.75%
    - Price Impact 0.25%
    - Stamp Duty 0.5%"

    http://www.medicaldentalfs.com/portfolio-turnover-the-hidden-cost-of-active-management/
  • Ark_Welder
    Ark_Welder Posts: 1,878 Forumite
    darkpool wrote: »
    but the costs in the annual report you looked at do not include marketmakers costs?

    Marketmakers' costs are also bourne by individual retail investors that buy and sell shares directly. If anything, I would expect that these costs would be lower for institutional investors dealing in large amounts than they are for individual retail investors with small amounts.

    darkpool wrote: »
    you mean that the article in the guardian about the 3.2% annual fees is wrong and you are right? you mean the article in the investors chronicle about the 3.5% fees is wrong and you are right?

    I haven't seen the particular Powerpoint presentation to which the article refers - you know, the one about pensions - so I cannot determine what its assumptions and estimates are. Perhaps it is based upon the same 12-year old, out-of-date doucmentation that you previously gave as 'evidence'. Still, the consultants that made the presentation do have their fee.

    darkpool wrote: »
    perhaps you should contact these publishers and tell them why they are wrong.

    After reading the last-but-one comment on the Guardian article, perhaps you could now read the last one too.

    darkpool wrote: »
    perhaps also send a letter to the queen saying how unfair it is that well respected magazines and newspapers are writing things you disagree with.

    More yawning...


    In all, I note that you have failed yet again to provide details of a fund that has the trading costs that you claim are typical.
    Living for tomorrow might mean that you survive the day after.
    It is always different this time. The only thing that is the same is the outcome.
    Portfolios are like personalities - one that is balanced is usually preferable.
  • darkpool
    darkpool Posts: 1,671 Forumite
    jem16 wrote: »
    You were asked to read the 2nd last comment not the 2nd last line of the article. Try reading Ark Welder's post again.

    Just in case you can't, there are 10 pages of comments from readers. Go to Page 10 and scroll down to the 2nd last comment.

    I'm not interested in the passive vs active argument that you seem to always come back to. It's getting rather boring.

    LOL! you not think the response from the IMA might not be a little bit biased?

    If you find my posts boring why do you feel the need to respond to them? I've said before you are an ideal customer for unit trusts, can we leave our comunication at that?
  • darkpool
    darkpool Posts: 1,671 Forumite
    Ark_Welder wrote: »
    In all, I note that you have failed yet again to provide details of a fund that has the trading costs that you claim are typical.

    I have provided an article from the Investors Chronicle and guardian which are both recent. I have also presented info from the FSA. You think all those people are wrong?
  • jem16
    jem16 Posts: 19,749 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    darkpool wrote: »
    LOL! you not think the response from the IMA might not be a little bit biased?

    You mean just like the article? Surely not.
    If you find my posts boring why do you feel the need to respond to them?

    They're not all boring - some are actually quite amusing.
    I've said before you are an ideal customer for unit trusts, can we leave our comunication at that?

    Would that be tracker unit trusts or manged unit trusts? ;)
  • Ark_Welder
    Ark_Welder Posts: 1,878 Forumite
    darkpool wrote: »
    I have provided an article from the Investors Chronicle and guardian which are both recent. I have also presented info from the FSA. You think all those people are wrong?

    :rotfl:That's it exactly! The very same 12-year old document from which you quoted before - the one based upon out-of-date reporting requirements and estimates of costs (that are now part of modern reporting requirements) and which are based upon data from 14 to 25 years ago.

    A reminder....

    http://forums.moneysavingexpert.com/showpost.php?p=48954609&postcount=120


    Don't worry - I've nop kept a copy of the link so that it will be faster to refer back to the next time ;)


    [Edit]
    You still havent provided an example of a fund that has the charges that you are claiming to be typical. Perhaps you would like some help?
    Living for tomorrow might mean that you survive the day after.
    It is always different this time. The only thing that is the same is the outcome.
    Portfolios are like personalities - one that is balanced is usually preferable.
  • darkpool
    darkpool Posts: 1,671 Forumite
    jem16 wrote: »
    You mean just like the article? Surely not.

    i think the IMA has an interest in allowing fund managers and IFAs to keep their snouts in the troughs if that's what you mean.
  • darkpool
    darkpool Posts: 1,671 Forumite
    Ark_Welder wrote: »
    :rotfl:That's it exactly! The very same 12-year old document from which you quoted before - the one based upon out-of-date reporting requirements and estimates of costs (that are now part of modern reporting requirements) and which are based upon data from 14 to 25 years ago.

    A reminder....

    http://forums.moneysavingexpert.com/showpost.php?p=48954609&postcount=120


    Don't worry - I've nop kept a copy of the link so that it will be faster to refer back to the next time ;)


    [Edit]
    You still havent provided an example of a fund that has the charges that you are claiming to be typical. Perhaps you would like some help?

    i've already said the articles in the investors chronicle and guardian are new. why are you going on about a 12 year old document?

    it's funny when you read the posts here, you get a picture in your minds eye of what the posters are like. to put it delicately as i can, i'd imagine you'd be the type of guy who sits alone at the staff christmas party. I bet you work in IT?
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